MAHINDRA LIFESPACE DEVELOPERS LTD. - Outcome of Board Meeting
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| 17 Oct 2014 | |
| Mahindra Lifespace Developers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 17, 2014 have issued and allotted 2,500 new fully paid-up Equity Shares of Rs. 10/- each to the Eligible Employees on the exercise of Options granted under Employee Stock Options Scheme 2006 (ESOS - 2006), at an exercise price of Rs. 325/- per share and have issued and allotted 7,700 new fully paid-up Equity Shares of Rs. 10/- each to the Eligible Employees on the exercise of Options granted under Employee Stock Options Scheme 2012 (ESOS - 2012), at an exercise price of Rs. 10/- per share.<br/><br/>Pursuant to this allotment, the issued equity capital of the Company has increased from Rs. 41,03,71,510 to Rs. 41,04,73,510 and subscribed and paid up equity capital of the Company has increased from Rs. 40,99,63,000 to Rs. 41,00,65,000.<br/><br/>The equity shares allotted as above shall, rank pari-passu with the existing equity shares of the Company and shall be entitled to such dividends and corporate benefits, if any, declared by the Company after the allotment. | |
| View all announcements for MAHINDRA LIFESPACE DEVELOPERS LTD. | Source: BSE India |
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